344 days ago • cryptodaily
TRON DAO Announces Results of HackaTRON Season 4
Geneva, Switzerland, May 16th, 2023, ChainwireThe TRON DAO team, community representatives of the TRON blockchain platform, revealed the results for the fourth season of their popular HackaTRON competition. 500,000 USDD, a TRON-based decentralized, overcollateralized, multi-chain stablecoin, will be shared among the top projects. Judge-selected qualifiers will also be given application accessibility to TRON DAO Ventures and Huobi Ventures for potential capital funding.There were over 625 participants from 172 projects across six tracks, including DeFi, Web3, NFT, and GameFi, alongside the new Builder and Eco-Friendly categories.“Our thriving community's incredible talent and innovation were on full display for this season’s HackaTRON,” said Ejaz Merchant, Developer Lead with TRON DAO. “I want to express my gratitude to all the outstanding projects who submitted, all the partners, and the committed community members who made this event a success. Together, we are expanding blockchain technology's potential and promoting a cooperative, self-maintained ecosystem.”Judge-Selected Top FivesFirst place in each of the judge-selected categories receives 20,000 USDD, with second place entries receiving 15,000 USDD, third place 10,000 USDD, and fourth and fifth places 8,000 and 6,000 USDD, respectively.The new Builder category recognized teams returning to the hackathon that have made significant updates to their projects. First place this season went to the “Farming-as-a-Service” project by Elk Finance. This update to Elk Finance’s customer offerings will “allow everyone to harness the most advanced farming contracts in DeFi.” The projects that placed second through fifth in the Builder track were:Galaxy Throne by Galaxy ThroneJustMoney Spot by JustMoneyTronNRG by TronNinjasTronQL by TronQLIn the Eco-Friendly track, which showcased projects working towards sustainability and environmental stewardship via the TRON Climate Initiative, first place went to Ecomarket, an open marketplace for procuring used and recycled plastics. EcoMarket wants to build a platform that incentivizes recycling and clean storage of used plastics, while providing companies with reliable and transparent sources of recycled materials. The projects that placed second through fifth in the Eco-Friendly category were:MusiCoinCity by ElfWebCarboEx by CarboExForGreen by ForGreenBlockForest by BlockForestThe DeFi category was topped by Ergon. This project’s goal is to simplify user access to TRON Stake 2.0, providing savings on transaction fees by renting energy while earning by staking TRX. The projects that placed second through fifth in the DeFi track were:Cloak by CloakMyFend by Fend GroupSorrel Banq by Paracosm LabsSwirl Ads by Team SudoIn the NFT track, judges selected BobbyBot.Trade for first place. This decentralized application will allow users and players to trade their virtual assets (NFTs) on Steam-based games, such as Team Fortress and Counter Strike, for TRX, USDT, and USDD on TRON. The projects that placed second through fifth in the NFT category were:Evoie by EvoieSamhita DAO by HeritageSpeakSealKey by TRONNuggetzWine Vault by Wine VaultThe GameFi category was led by Duelers from TRONJoy. Players can choose “duel” or “tournament” mode to engage, create, and conquer the TRON community in the ultimate GameFi showdown! The remaining top five included:RevoluTRON by Irruption LabtheRevolt by Spirit-TowerCukies: Rush & Run by Cukies WorldMETASENS by METASENSIn the Web3 track, first place went to TrustSight by The TRONacles. Their project’s goal is to increase decentralized trust on the TRON blockchain via user reviews. It is essentially a crowdsourced reputation platform for on-chain actors, enabling TRON users to navigate the ecosystem securely and confidently. The projects that placed second through fifth in the Web3 category were:Daren Market by Daren MarketTronSave by TRONSAVEProvyLens by LensCraftersYinbox by Jeffrey LewisThe judge-selected qualifiers received 30% of their allocated prize for placing in the top five of their respective category on May 15, 2023. They have until June 1, 2023 to deliver a functional, decentralized application onto either the TRON or BitTorrent Chain MainNets in order to receive the remainder of their prize.Feroz Lakhani, Enterprise Lead with TRON DAO, commented, “This season has been the best yet! I'm really looking forward to connecting more deeply with some of the projects focused on environmental sustainability, as it aligns with our focus on being as eco-friendly as possible. For fun, I also love ‘quality testing’ all of the GameFi projects. That's what my next few weekends will be dedicated to, and I can't wait!”Community Forum Top FivesThe HackaTRON Community Forum voted to select “community” winners, as well. Here are the top five from each category:Web3CryptoDo by CryptoDoProvyLens by LensCraftersZkTickets by ZKP Tech SolutionsBlockMenu by BlockMenuYinbox by Jeffrey LewisDeFiErgon by USTXSwirl Ads by Team SudoSorrel Banq by Paracosm LabsUpDawg by uDawgDAOCloak by CloakGameFiCukies: Rush & Run by Cukies WorldDuelers by TronjoyRevoluTRON by Irruption LabWorlds Hardest Maze by WHMtheRevolt by Spirit-TowerNFTTNS Domains by SolidityGodsTNFT Maker by CubieWine Vault by Wine VaultTronGallery by TronGalleryEnergyNFTs by TRONArmyBuilderJustMoney Spot by JustMoneyTuruVerse by TuruGlobalTronNRG by TronNinjasDeba's Wulf Pack by The PackCukies World Metaverse by Cukies WorldEco-FriendlyTronPower by Lomotey JosephineAurorAqua by AuroraMusiCoinCity by ElfWebCarboEx by CarboExEcoDAO by EcoDAOThis season, there were also three bonus prizes for the best performances in project engagement, determination, and community contribution. The project engagement and determination prizes will be announced on June 1, 2023. The community contribution prize recipients included Akainuu, antonio, fabsltsa, Gordian, HODL, manfred_jr, Nana66419, nweke-nature1, Prince-Onscolo, and Youngyuppie. Each selected community contributor will receive 500 USDD.The TRON DAO team is thrilled with the quality of projects from Season 4 of the HackaTRON. Hackathons are just one of the ways developers are welcomed to #BUIDLtheFUTURE with TRON. Learn more about all that’s happening across the TRON ecosystem at TRONDAO.org.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2023, it has over 160.0 million total user accounts on the blockchain, more than 5.58 billion total transactions, and over $12.2 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]
372 days ago • cryptodaily
Not Seeing Growth Potential In XRP (XRP) And Cardano (ADA)? Meet The Sparklo (SPRK) Presale!
Crypto analysts and investors alike have recently shown intrigue in Sparklo, an innovative project in its presale run that could evolve into a top-tier platform that countless individuals adopt. Today, we will compare this rising presale star to already-established tokens such as XRP (XRP) and Cardano (ADA). Let's begin!
XRP (XRP) Not Included In Liquidity Hub
The newly released Liquidity Hub from Ripple Labs does not list XRP (XRP) as an approved asset. In a recent blog post, Ripple stated that XRP (XRP) would be evaluated once it receives regulatory clarity in the US.
Given its current legal dispute with the SEC, Ripple's move to exclude XRP (XRP) from the Liquidity Hub has sparked speculation about the token's future. XRP (XRP) has a value of $0.5162 with a market cap of $26B, up 0.62% in the past 24 hours.
On the other hand, the technical analysis for XRP (XRP) shows a neutral sentiment, with plenty of its moving averages showing sell signals. This analysis could cause the selling pressure to mount, pushing the token value down.
First Wrapped BTC Minted On Cardano (ADA)
Recently, anetaBTC revealed a new demo showcasing the process of minting wrapped BTC (cBTC) on Cardano (ADA). This demo is a pivotal moment for the Cardano (ADA) network, as this development could help unlock liquidity from the vast Bitcoin (BTC) market.
The Cardano (ADA) founder, Charles Hoskinson, even commented, expressing his enthusiasm for the move. This news caused a slight jump for the Cardano (ADA) token as it now trades at $0.4421 with a market cap of $15B, a rise of 0.27% overnight.
However, analysts believe that even if Cardano (ADA) manages to see future price growth, it will not be so noteworthy as it still lacks real-world utility. Thus, a $1 valuation for Cardano(ADA) may not come anytime soon as investors search for new projects with more utility and long-term upside potential.
The Sparklo (SPRK) Presale About To Skyrocket
Sparklo aims to close the gap between small-scale investors and the current standard metal investment platforms by developing the first-ever alternative-investment platform specializing in gold, silver, and platinum built on a blockchain!
Every investment option on this platform will be minted into a non-fungible token (NFT) and fractionalized, allowing you to become a fractional owner instead of buying the entire token. However, if you purchase the full token, the metal that backs it can be delivered to your house!
Sparklo will utilize blockchain technology to its full extent as investors worldwide can purchase and trade these rare metals almost instantly and for low fees! Sparklo can also provide users access to metals that aren't generally available in specific areas, giving investors access to new investment options.
As most veteran traders know, investing in promising projects early is the best way to go for long-term gains. And Sparklo looks to be the perfect one! Sparklo is currently in its presale (Level One) and has a value of just $0.015 - but do not wait! Experts foresee a rise to $0.30 by the end of its presale as tokens are selling fast.
If you are interested in this potential blue-chip token, sign up for its presale now and purchase it before it skyrockets!
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.